All news

Russian government to provide $50 mln to prop up car sector

The funds are stipulated by the federal budget for 2016

MOSCOW, September 14. /TASS/. Russia’s Prime Minister Dmitry Medvedev has signed a decree on providing financial allocations worth 3.3 bln rubles ($50 mln) for supporting local producers of automotive vehicles, according to a respective document released on the cabinet’s website on Wednesday.

The funds are stipulated by the federal budget for 2016.